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Stock Market & Financial Investment News

News Breaks
May 5, 2014
10:00 EDTRXII, HEAR, PSDV, MCEP, LGCY, LRE, ADMS, LQ, KING, LJPC, FEYEOn The Fly: Analyst Initiation Summary
Adamas Pharmaceuticals (ADMS) initiated with an Overweight at Piper Jaffray... FireEye (FEYE) initiated with a Hold at Deutsche Bank... King Digital (KING) initiated with a Buy at BofA/Merrill... LRR Energy (LRE) initiated with an Underperform at BofA/Merrill... La Jolla (LJPC) initiated with a Buy at H.C. Wainwright... La Quinta (LQ) initiated with a Buy at Stifel... Legacy Reserves (LGCY) reinstated with a Neutral at BofA/Merrill... Mid-Con Energy (MCEP) initiated with an Underperform at BofA/Merrill... Parametric Sound (HEAR) initiated with an Outperform at Cowen... RXi Pharmaceuticals (RXII) initiated with a Buy at H.C. Wainwright... pSivida (PSDV) initiated with a Buy at MLV & Co.
News For ADMS;FEYE;KING;LRE;LJPC;LQ;LGCY;MCEP;HEAR;RXII;PSDV From The Last 14 Days
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February 5, 2016
13:41 EDTFEYEFireEye volatility increases into Q4 and outlook
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05:16 EDTFEYEStocks with implied volatility above IV index mean; FEYE LNKD
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February 4, 2016
05:04 EDTFEYEStocks with implied volatility above IV index mean; FEYE LNKD
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February 3, 2016
05:08 EDTFEYEStocks with implied volatility above IV index mean; FEYE TWTR
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February 2, 2016
10:26 EDTFEYEFireEye calls active
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10:18 EDTFEYECisco could be interested in FireEye, dealReporter says citing sources
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07:33 EDTFEYEFireEye acquisition positive, says Oppenheimer
After FireEye announced that it acquired Inovtas, Oppenhimer says that Inovtas' automation tool. meets a critical need for IT administrators. The firm says its checks with IT administrators indicate that automation is seen as "a potential holy grail" that could solve many IT security issues. The firm keeps an Outperform rating on FireEye.
February 1, 2016
19:25 EDTFEYEFireEye acquires security orchestration firm Invotas
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16:43 EDTHEARTurtle Beach holder SG VTB agrees to purchase up to $2.5M unregistered shares
Separately, in a concurrent, side-by-side private placement, Turtle Beach's largest stockholder, SG VTB Holdings, has agreed to purchase up to $2.5M of unregistered shares of the company's common stock for a per share price equal to the price per share offered to the public in the Offering.
16:41 EDTHEARTurtle Beach intends to offer common shares, no ammount given
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15:21 EDTHEARTurtle Beach mentioned cautiously again by TheStreetSweeper
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January 29, 2016
10:56 EDTFEYEIT security stocks rise after Fortinet meets expectations
The shares of a number of IT security companies are rising after one of the companies in the sector, Fortinet (FTNT), reported in-line fourth quarter results last night. JPMorgan and RBC Capital were upbeat on the company's outlook. WHAT'S NEW: Fortinet reported Q4 EPS of 18c, in line with analysts' consensus outlook. The company's revenue was also in-line with the consensus outlook, while its billings jumped 35% versus the same period a year earlier. Moreover, Fortinet's fiscal 2016 guidance also came in near consensus estimates. ANALYST REACTION: Fortinet's results show that it is gaining market share, especially overseas and among U.S. small and medium businesses, JPMorgan analyst Sterling Auty stated. Additionally, the company's margins look set to reach about 15% in fiscal 2016, up from 13% the previous year, and its free cash flow should jump 33% in fiscal 2016, the analyst predicted. He kept a $54 price target and Overweight rating on the shares, saying the quarter should bring a "welcomed lift" following the recent selloff in shares. Fortinet's guidance suggests that it will have more leverage than expected in fiscal 2016, but its outlook is also "somewhat conservative," RBC Capital analyst Dan Bergstrom wrote. Fortinet's stock is relatively cheap versus its peers and its historical norms, the analyst believes. However, he kept a $32 price target and Sector Perform rating on the shares. WHAT'S NOTABLE: Yesterday morning IT security company Check Point (CHKP) reported stronger than expected Q4 results and provided in-line fiscal 2016 EPS guidance, excluding certain items. Last night IT security company Proofpoint (PFPT) reported in-line Q4 results but provided lower than expected fiscal 2016 EPS guidance. PRICE ACTION: In late morning trading, Fortinet climbed 6% to $28. Other IT security companies also advanced, with Palo Alto (PANW) surging 7.5%, Barracuda (CUDA) gaining 2.5% to $10.60, FireEye (FEYE) rising 1.5% to $14, Check Point adding 1% to $77.70 and Symantec (SYMC) rising 1.2% to $129.75.
January 28, 2016
19:09 EDTFEYEOn The Fly: After Hours Movers
UP AFTER EARNINGS: Gigamon (GIMO), up 15.2%... QLogic (QLGC), up 11%... Fortinet (FTNT), up 9.2%... ShoreTel (SHOR), up 5.7%... Skyworks (SWKS), up 3.6%... Flextronics (FLEX), up 4.6%... Microsoft (MSFT), up 3.6%... Proofpoint (PFPT), up 3.1%. ALSO HIGHER: Palo Alto Networks (PANW) is up 1.1% and FireEye (FEYE) is up 1.6% after Fortinet reported quarterly results. DOWN AFTER EARNINGS: Amazon.com (AMZN), down 13.2%... Synaptics (SYNA), down 3.8%... Electronic Arts (EA), down 8%... Quality Systems (QSII), down 9%... Visa (V), down 1.2%. ALSO LOWER: Facebook (FB) is down 1.2%, Netflix (NFLX) is down 2.7%, and Alphabet (GOOG, GOOGL) is down 1.5% and 1.7%, respectively, after Amazon reported quarterly results.
09:46 EDTFEYEFireEye downgraded to Negative from Mixed at OTR Global
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January 27, 2016
10:00 EDTLGCYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BG Group (BRGYY) downgraded to Neutral from Outperform at Credit Suisse... Bed Bath & Beyond (BBBY) downgraded to Sell from Neutral at Citi... Bill Barrett (BBG) downgraded to Neutral from Buy at Ladenburg... Brown & Brown (BRO) downgraded to Underweight at Morgan Stanley... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at BTIG... Canadian National (CNI) downgraded to Market Perform from Outperform at Raymond James... DreamWorks (DWA) downgraded to Sell from Hold at Topeka... FirstMerit (FMER) downgraded at RBC Capital... Gentex (GNTX) downgraded to Neutral from Outperform at Baird... Haverty Furniture (HVT) downgraded to Sector Weight from Overweight at KeyBanc... Hercules Technology (HTGC) downgraded to Neutral from Buy at Compass Point... Horizon Technology (HRZN) downgraded to Market Perform from Outperform at Raymond James... Installed Building downgraded to Sector Weight from Overweight at KeyBanc... Jarden (JAH) downgraded to Neutral from Buy at Citi... K+S (KPLUF) downgraded to Sell from Hold at Berenberg... La-Z-Boy (LZB) downgraded at BB&T... Legacy Reserves (LGCY) downgraded to Market Perform from Outperform at FBR Capital... Medivation (MDVN) downgraded to Hold from Buy at Canaccord... Merck (MRK) downgraded to Neutral from Buy at BofA/Merrill... Metaldyne Performance (MPG) downgraded to Neutral from Outperform at Baird... Pier 1 Imports (PIR) downgraded to Sector Weight from Overweight at KeyBanc... Priceline (PCLN) downgraded to Neutral from Buy at Goldman... Profire Energy (PFIE) downgraded to Neutral from Buy at Chardan... Regeneron (REGN) downgraded to Hold at Canaccord... Starwood (HOT) downgraded to Underperform from Outperform at CLSA... Swiss Re (SSREY) downgraded to Equal Weight from Overweight at Morgan Stanley... TSYS (TSS) downgraded to Equal-Weight from Overweight at First Analysis... Talmer Bancorp (TLMR) downgraded to Sector Perform from Outperform at RBC Capital... TopBuild (BLD) downgraded to Sector Weight from Overweight at KeyBanc... TripAdvisor (TRIP) downgraded to Sell from Neutral at Goldman... VMware (VMW) downgraded to Hold from Buy at Summit Research... W.R. Grace (GRA) downgraded to Buy from Conviction Buy at Goldman... WEC Energy (WEC) downgraded to Neutral from Conviction Buy at Goldman... Welltower (HCN) downgraded to Underperform from Market Perform at BMO Capital... Yamana Gold (AUY) downgraded to Neutral from Overweight at JPMorgan.
07:35 EDTLGCYLegacy Reserves downgraded to Market Perform from Outperform at FBR Capital
FBR Capital analyst Chad Mabry downgraded Legacy Reserves to Market Perform and lowered his price target for the shares to $1 from $3. The analyst reduced his Q4 distribution forecast to $0 following the partnership's suspension of its distribution.

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